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Industry & Trends

Two Midwest Wood Prefinishers Acquired by North American Specialty Laminations

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November 4, 2022 | Bill Esler

Middleton, WI—North American Specialty Laminations, a unit of Building Industry Partners, acquired Midwest Prefinishing, Inc. and Premium Prefinished Products, Inc., sister companies that are both based in Middleton, WI.

It’s the third acquisition since the founding of Osseo, WI-based NASL, which specializes in lamination and wrapping profiles of moulding and millwork. NASL was launched by Building Industry Partners in September 2021 with the acquisition of SourceCut Industries in Osseo, WI. A month later it acquired Haida Industries in Sparks, NV. It is also building a new 57,000-sq.-ft. plant in Roanoke, VA. (Investor parent Building Industry Partners recently closed its Tru Cabinetry operation in Ashland, AL.)

Midwest Prefinishing, Inc. and Premium Prefinished Products, Inc. represent the largest independent prefinishing operation in the U.S., according to NASL, which says the deal strengthens its prefinishing expertise, a critical capability for customers that demand color in building products.

NASL says the newly combined company will continue to expand its footprint nationally in pursuit of helping its customers flexibly respond to market pressures around capital investment, labor constraints, and rising transport costs.

“Our customers are excited about the capabilities that Mark Larson and his team bring to NASL, and I am personally excited to work alongside such well-respected technical experts,” says Doug Rende, NASL CEO. NASL serves customers in the window, door, flooring, specialty millwork, and cabinet and case-goods markets.

“NASL is committed to meeting its customers where they are physically located, with the capabilities that they need to meet the growing demand for color,” says Pat Mascia, a partner at Building Industry Partners and NASL Board Chair. “Prefinishing is one capability that customers require, and we are excited to combine MWP’S and PPP’s tremendously skilled prefinishing team with our team.”

NASL is actively seeking to invest in companies and leaders with expertise in fabrication and substrate manipulation as the platform expands to meet customer demand in building products. Partners involved in this opportunity were Holland & Knight LLP, Fifth Third Bank and Intrinsic LLC. Siguler Guff, Dewitt Law LLP, Gerald Kerl CPA and Water Tower Capital LLC, advised the sellers.

Parent Building Industry Partners, which is employee-owned, says it also is seeking more acquisitions of companies seeking to become exceptional businesses, realize their entrepreneurial visions, and increase shared prosperity among its businesses’ shareholders, management, and broader workforce.

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